The world leaders detonated Trump’s tariff when the market declined

The foreign stock market fell on Thursday morning after the announcement of President Donald Trump on tariff rafts on American trading partners – including a minimum basic tariff of 10% in all countries.

American trade partners react to the announcement of Trump tariffs with criticism and concern, warning that these steps can touch a far and expensive trade war.

China – Hit with 34% tariffs above the 20% tariff Trump previously announced – urged the US to “immediately cancel unilateral tariff steps and complete differences with their trading partners correctly through the same dialogue,” a spokesman for the Chinese Ministry of Trade said in a statement.

The tariff will “endanger global economic development and supply chain stability,” they added.

European Union – Now faces a 20% tariff – ready to respond, “European Commission President Ursula Von Der Leyen said.” The universal tariff announced by the US is a big blow to business and consumers around the world, “wrote Von Der Leyen in a X post on Thursday.

“We will always protect our interests and values,” he added. “We are also ready to be involved. And switch from confrontation to negotiations.”

The Asian market led the global stock market decline on Thursday morning. The Nikkei Japan index fell 4% after the opening, the Hong Kong Hang Seng Index slid 2.4%, Kospi South Korea fell 2.7% and ASX 200 Australia fell 2%.

In Europe, the Pan-Continental Stoxx 600 index fell 1.5% to the lowest two months. DAX Germany fell almost 2.5%, CAC France 40 declined 2.2%and the IBEX Spanish index fell 1.5%. The FTSE 100 England index lost 1.5%.

The US market was closed ahead of Rose Garden’s presentation Wednesday Trump, but the Stock Futures fell on Wednesday night. Dow Jones Futures plummeted 2.7%, s& P 500 Futures sinks 3.9% and Futures are bound to Nasdaq 100 down 4.7%.

European leaders quickly warn the potential effects of Knock-On.

In a Facebook post, Italian Prime Minister Giorgia Meloni said the targeted tariff for the European Union “Salah.”

He added, “We will do everything we can work towards an agreement with the United States, with the aim of avoiding a trade war that will surely weaken the West for other global players.”

German Chancellor Deputy and Economic Minister Robert Habeck said Wednesday must be remembered as a “inflation day” for American consumers. “The US mania for tariffs can trigger spirals which can also attract the country into a recession and cause major damage throughout the world,” Habeck said.

British Prime Minister Keir Starmer said Trump “acted for his country, and that was his mandate. Today, I will act for the sake of British with mine.” Britain faces a 10% tariff on all items.

“Obviously, there will be an economic impact of the US decisions, both here and globally,” Starmer added. “But I want to be very clear: we are ready, indeed one of the great powers of this nation is our ability to keep the cold head.”

In Japan, the Head of the Cabinet Secretary Yoshimasa Hayashi said Tokyo “once again told the US government that these new steps were very regrettable and highly asked for them to be reconsidered.” Japan faces 24% tarrffs.

These steps, he added, “Can have a significant impact on economic relations between Japan and the US, and in the end on the global economy and multilateral trading systems as a whole.”

Acting South Korean President Han Duck-Soo instructed the government to “devote all of its abilities that can be overcome to overcome this trade crisis,” in a statement quoted by the Yonhap news agency.

Han described Trump’s steps – which included a 25% tariff for all South Korean goods – as “very serious” and warned “the reality approach to the global tariff war.”

Smaller countries also reviled Trump’s steps. Deputy Prime Minister Fiji Biman Prasad criticized the 32% tariff that would be imposed on the Pacific Islands as “disproportionate” and “unfair.”

ABC News’ Jack Moore, Leah Sarnoff, Will Gretsky and Joe Simonetti contributed to this report.